Zumiez Inc. (NASDAQ:ZUMZ) Insider Adam Christopher Ellis Buys 10,000 Shares

Zumiez Inc. (NASDAQ:ZUMZ) insider Adam Christopher Ellis acquired 10,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of $14.31 per share, with a total value of $143,100.00. Following the completion of the acquisition, the insider now owns 57,917 shares of the company’s stock, valued at $828,792.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zumiez Stock Down 0.5 %

Shares of ZUMZ stock opened at $14.14 on Tuesday. The business has a 50 day moving average of $16.29 and a two-hundred day moving average of $17.41. Zumiez Inc. has a 52 week low of $12.90 and a 52 week high of $21.49. The company has a market cap of $280.40 million, a P/E ratio of -4.35 and a beta of 1.46.

Zumiez (NASDAQ:ZUMZ) last issued its earnings results on Thursday, March 14th. The apparel and footwear maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. Zumiez had a negative return on equity of 5.70% and a negative net margin of 7.15%. The company had revenue of $281.82 million during the quarter, compared to the consensus estimate of $275.98 million. Analysts expect that Zumiez Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZUMZ has been the subject of several research analyst reports. B. Riley lowered their price objective on Zumiez from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. StockNews.com lowered Zumiez from a “hold” rating to a “sell” rating in a report on Thursday, April 4th.

Hedge Funds Weigh In On Zumiez

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in shares of Zumiez by 414.0% during the fourth quarter. Millennium Management LLC now owns 609,324 shares of the apparel and footwear maker’s stock worth $13,247,000 after buying an additional 490,772 shares during the period. Marshall Wace LLP boosted its position in shares of Zumiez by 1,571.0% during the second quarter. Marshall Wace LLP now owns 272,380 shares of the apparel and footwear maker’s stock worth $4,538,000 after buying an additional 256,080 shares during the period. Invenomic Capital Management LP acquired a new position in shares of Zumiez during the second quarter worth approximately $3,017,000. Renaissance Technologies LLC boosted its position in shares of Zumiez by 134.9% during the second quarter. Renaissance Technologies LLC now owns 302,008 shares of the apparel and footwear maker’s stock worth $7,852,000 after buying an additional 173,415 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Zumiez during the fourth quarter worth approximately $3,757,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.